St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-03

WE. THE UNDERSIGNED, CITIZENS AND
w residents OF the City OF St Paul, in the
County Of Ramsey and State of Minnesota, do
hereby associate ourselves together Us, and for q
body corporate, under and pursuant to title OF
chapter thrtyfour of the Statutes OF the State Of
Minnesota, and for that purpose we have and do
hereby adopt and execute the following Articles Of
interpretations
Frst-The name of this corporation shall be the
METROPOLITAN and Suburban Railway company
The general nature of the business OF said cor
poraton shall be the acquiring of, constructing
eluipplng and operating lines or railroad of the
standard and narrow gauge, and propelled by
steam and other power within the counties of
Ramsey and Dakota, in the State of Minnesota
and III conducting thereon and Herewith gen.
eral transportation business for the transportation
OF passengers and freight for hire between any and
all the towns, cities and villages in said counties
and through and in and about said towns, cities
and villages
The principal place of business of said corpora
ton shall be the City of St. Paul. in the County of
Ramsey and State of Minnesota
Second-The time of the commencement of this
corporation shall be the first Monday in May, A.
y. 1857 and said corporation shall continue for
nifty years thereafter.
Third-The amount of the capital stock Of said
corporation shall be the sum of one million dol
lars, and shall be paid in at such times and in
such manner as the Board of Directors of said
corporation shall designate
Eourth-The highest amount of Indebtedness or
lapility 10 which said corporation shall at any
time no subject shall be FIVE hundred thousand
| dollars.
fiith-The names and places of residence of
the persons forming this association and incor-
| poration are: Maurice AueIbach, residing at the
city OIL st. Paul, county of Ramsey Minnesota;
Aloeft schefer residing at the city of ST Paul,
county of Ramsey, Minnesota; l.. II. MaxReld,
residing at the city of ST. Paul, county OF Ram
sey minnesota; Paul Martin. residing at the city
OF ST. Raul, county of Ramsey, Minnesota;
george IL. Beardsly residing ut the city of ST.
Paul, county Of Ramsey, Minnesota, and Joseph
] j. McCardy, residing at the city of ST. Paul
| county of Ramsey Minnesota
| Sixth-The first five of the above.named persons
shall form the first Board of Directors of said cor
poratlon and shall hold their Offices for the term
OF one year and until the first annual election of
SAID corporation, which shall take place on the
| hrst Monday of May in each year. commencing on
the first Monday of May, A. d. 1888.
Inc government of said corporation and the
management of its affairs shall be vested in said
board of five Directors and in a President Vice
| PRESIDENT Secretary, Treasurer and General Man
ager who shall be elected by said Board of Direc-
tors from their number, and who shall hold their
| offices for the term of one year from the time of
| said election.
Said Board of Directors. after the first board
herein provided for, shall be elected by the stock
holders OF said corporation at the annual meeting
OF SAID corporation and all such officers and direc-
tors shall hold their Offices until the election and
| qualification OF their successors.
| Seyenth-The number and amount or shares of
the capital stock of said corporation shall be ten
| thousand shares of the par value OF one hundred
| dollars each.
| In testimony whereof, the above named incor-
porators have hereunto set their hands and affixed
their seals at the City of ST. Paul, IN the County
| of Ramsey and State of Minnesota, upon this 3Oth
| day of April A. d. 1887.